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California SMDC Added 3,900 Jobs in 2010
Published on Mar 15, 2011
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California Small Business Development Centers added nearly 3,900 jobs in 2010, while retaining more than 2,000 positions originally slated for elimination, according to a report released this week by California SBDC.
The SBDC provides training and consulting to thousands of California small businesses and entrepreneurs forming a company. The newly created jobs also reflect a 22 percent increase over 2009.
"The California SBDC has been a lifeline for thousands of small businesses throughout the state who have struggled through the recession for the past two years," said Joel Ayala, director of the Governor’s Office of Economic Development, in a statement.
"It is wonderful to see some evidence of the changing economic tide and we are hopeful that these results from the SBDC are another signal that the state is poised for recovery," Ayala added.
The news bodes well for the state, despite the fact that it retains one of the highest unemployment rates in the country.
Last month, the Treasury Department approved California's State Small Business Credit Initiative, which is expected to stimulate job growth and contribute to some $1.7 billion in private small business lending.